Can I get 50 lakhs education loan?
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Can I get 50 lakhs education loan?
Educational loans in India can vary between Rs. 1 lakh to upwards of Rs. 30-50 lakh.
How does Avanse work?
At Avanse, we provide the maximum education loan amount i.e. 100\% of the cost of your education! Be it your tuition fees or your living expenses, we have you covered. Of course, we cover 100 \% of your tuition fees. Moreover, we also cover travelling expenses up to Rs 75,000 for students traveling abroad.
What is the interest rate of Avanse finance?
Avanse education loans at low interest rates and less paperwork. Get customized loans and flexible repayment plans. Hassle-free and 100\% education finance….Key Highlights.
| Eligibility Criteria | Students 18 years old and above |
|---|---|
| Loan Amount | No cap |
| Interest Rate | Base Lending Rate 11.5\% |
| Processing Fees | 1\%-2\% of the loan amount |
Is Avanse a private company?
We are a sensitive, advanced private finance company specializing in the niche space of education. We take pride in the fact that the International Finance Corporation (IFC), an arm of the World Bank holds 20\% equity stake in Avanse.
Which bank has lowest interest rate for education loan abroad?
Compare Top Education Loan Offers 2021
| Name of Bank | Interest Rate (p.a.) | Processing Fees |
|---|---|---|
| SBI | 6.85\% to 8.65\% | Rs.10,000 + tax |
| Axis | 13.70\% to 15.20\% | Nil to Rs.15,000 + tax |
| Bank of Baroda | 7.85\% to 9.85\% | 1\% of loan amount up to Rs.10,000 |
| HDFC | 9.55\% to 13.25\% | Up to 1.5\% of loan amount + tax |
Is it easy to get loan from Avanse?
The application process for an education loan differs slightly from lender to lender. At Avanse, we make the application process simple and quick. Once your documentation is done, your loan will be disbursed. To make things easier, we also provide doorstep services for our educational loans.
Is Avanse part of Dhfl?
Avanse Financial Services is an education-focused NBFC. It is an associate enterprise of of housing finance firm DHFL. Avanse is also backed by the International Finance Corporation (IFC), which has an equity stake in the company.
How long does it take to repay Ms Loan in USA?
Repayment Period – The repayment period for these loans in the case of public banks is 15 years. On the other hand, the tenures for private banks and NBFCs are 20 years and 10 years respectively. Processing Time – Public banks take 12-15 days to process education loans, whereas private banks take 10-12 days.
Why take an education loan for studying MS in the USA?
Why take an education loan for studying MS in the USA? An education loan is a sum of money borrowed to finance college or other education-related expenses. Initiated by the SBI in the year 1995, it is now offered by most public and private banks and a few NBFCs. An education loan is of two types – a secured one and an unsecured one.
How to secure proof of funds for MS in USA?
One of the fastest ways to secure proof of funds is to work with an education loan provider. Avanse Education loan for MS US not only covers full cost of education but living expense and all the other expenses* which will facilitate your stay and journey to your dream.
How much does it cost to study an MS in USA?
The fees for MS programs in the US generally range from $10,000 to $80,000 (INR 10 – 58 lakhs) for two years. Some of the top universities (private) charge slightly higher tuition fees and other expenses. A top-grade university like Carnegie Mellon University falls in the higher range ($43000 annually).
What is an education loan and how it works?
An education loan is a sum of money borrowed to finance college or other education-related expenses. Initiated by the SBI in the year 1995, it is now offered by most public and private banks and a few NBFCs. An education loan is of two types – a secured one and an unsecured one.